Eastside Distilling (NASDAQ:EAST) changed -2.39% to recent value of $4.49. The stock transacted 42940 shares during most recent day however it has an average volume of 43.06K shares. It spotted trading -48.63% off 52-week high price. On the other end, the stock has been noted 35.24% away from the low price over the last 52-weeks.
On Oct. 10, 2019, Eastside Distilling (NASDAQ:EAST) revealed the resignation of Steve Shum as the Company’s interim Chief Executive Officer, effective immediately, to accept a Chief Executive Officer position with another company. Additionally, Mr. Shum submitted his resignation as Chief Financial Officer, effective upon the filing of Eastside’s quarterly report on Form 10-Q for the period ended September 30, 2019, expected to be made on or before November 14, 2019. Mr. Shum has agreed to consult with the management team and Board of Directors as needed in the future.
The Company’s Board of Directors is running a process to fill the necessary management positions at Eastside with a focus on the Chief Executive Officer role initially. The Company is considering both internal and external candidates and will move quickly to fill the position. The Company’s Board of Directors is committed to enhancing value for shareholders. Working together with its management team, the board has begun a strategic review and evaluation of a number of strategic directives aimed at maximizing shareholder value.
The Company is reiterating its outlook for the remainder of the year previously issued on August 14, 2019, regarding sales, Redneck Riviera Whiskey (RRW) case volumes, and Adjusted EBITDA improvements (before certain one-time Azuñia acquisition and other costs) within its related operations. Further, the Company remains on track to deliver strong results from its Azuñia operations, which were acquired on September 12, 2019.
EAST has a gross margin of 33.60%. Its earnings per share (EPS) expected to touch remained -4.90% for this year.
The company has 9.44M of outstanding shares and 8.16M shares were floated in the market. According to the most recent quarter its current ratio was 4.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -7.77% from the mean of 20 days, -4.48% from mean of 50 days SMA and performed -14.91% from mean of 200 days price. Company’s performance for the week was -3.23%, -11.26% for month and YTD performance remained -27.35%.
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Height: 177 cm
Weight: 70 kg
Blood Type: AB-
Address: 6477 Lower Kinney Road, Vanceburg, KY 41179, USA
Phone Number: 931-796-1853
Email: [email protected]